Daelim Has Led Korea's Construction and Petrochemical Industries for The
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Daelim has led Korea’s construction and petrochemical industries for the past 74 years, representing the history of economic growth of Korea Basic Korea's leading conglomerate with 74 year history, sustainable business portfolio and sound business ethics staying as one of top 100 companies in Korea during last 60 years. Challenge History with Korea's First and No. 1 - Korea's first entrance into global construction market by entering into Vietnam in 1966 - Completion of Korea's longest suspension bridge (world's 4th longest) Synergy Contents Korea's only one company with perfectly integrated business portfolio from Corporate Profile 01 engineering, construction to commissioning of petrochemical plant as well Message from the CEO 02 as from manufacturing, sales to exports of petrochemical products. Overview of Operations 04 Financial Highlights 06 Outstanding Feats of 2012 08 Human Review of Operations 22 Plant Works 24 Through corporate philosophy of human respect, continuous social Civil Works 32 contribution and low carbon activities. Daelim is committed to Building & Housing Works 40 contributing to human and evironment. Petrochemicals 44 Research & Development 48 Safety & Environment 52 Social Contribution 56 Financial Review 59 Affiliates 70 Organization & Management 72 1 Corporate History 1939-1958 1962-1970 1972-1981 1982-1996 1997-Present 1965-Present Daelim has led Korea’s Establishment of Daelim Era of Development and Growth Business Expansion and Takeoff Rapid Growth and Blooming Envisioning a New Millennium Monuments in Overseas Markets construction and petrochemical 70-year History of Korean Leading the Economic Development Improving the Quality of Construction Shaping a Future with the Strengths of Opening a New Chapter Leapfrogging into a Global Leader industries for the past 74 years, Construction Started and Advancing into Seoul Technologies 50-year History A small construction materials store Daelim evolved to become the leader of The construction of the POSCO Plants Daelim successfully completed a number Backed by the recognition of contribu- With the piling projects for the construc- representing the history of with the name of Burim Corporation Korea’s construction industry by seizing was a monumental project for the gov- of major construction projects both in tions to the nation’s economic and social tion of sea berth in Rach Gia, Vietnam, started the business in front of the opportunities of the 5-Year National ernment that vigorously pushed forward Korea and abroad in the 1980s in the development, Daelim received the Grand in 1966, Daelim entered the overseas economic growth of Korea Bupyeong Station on October 10, 1939, Economic Development Plan launched with sophistication of the industrial midst of the Economic Development Prize at the Korea Construction Award construction markets. The company and grew to become the nation’s leading in 1962. The company ranked the top structure in the course of economic Plan. The company’s accomplishments in 2001. Today, the housing culture extended its reach to Southeast Asia woods materials supplier by expanding in terms of the construction project development in the 1970s. Daelim car- have been awarded with the Gold Tower is seeking more comfortable spaces in the early 1970s and the Middle East its businesses into forest development, volume in 1966. And it started a new ried out this project, which helped the of Industrial Accomplishments and the beyond just living spaces. To meet this in 1974. Since then, Daelim was able log production, and lumbering in just 6 business era by moving the head office company leapfrog to become a leader in US$5 Billion Overseas Construction trend, Daelim is striving to improve the to penetrate over 10 countries in the years. The company changed the name to Seoul. The construction of Gyeongbu the construction of heavy chemical and Medal. The Olympic Main Stadium, In- quality of customers’ lives by adopting Middle East in just 5 years, which has to “Daelim Industrial” and paved the Expressway and Gyeongin Expressway, plant facilities. Also, Daelim Engineering dependence Hall and Seoul Court House environment-friendly and ergonomic become the foundation for the construc- way for a comprehensive construction the main artery of the nation’s economy Company was established in 1974 to Complex are some of the outstanding devices and innovative designs to the tion boom in the Middle East. company by leading the rebuilding of also started in this period. undertake the turn-key base construc- architectural structures built by Daelim construction of apartment complexes. the post-war economy. tion projects. during this period. Basic Korea's leading conglomerate with 74 year history, sustainable business portfolio and sound business ethics staying as one of top 100 companies in Korea during last 60 years. 1939 1965 1973 1984 2000 1981 Challenge Establishment of Daelim Chuncheon Dam POSCO’s Steel Plants Jamsil Olympic Main Stadium Seohae Grand Bridge Saudi-Bahrain Cement Plants History with Korea's First and No. 1 - Korea's first entrance into global construction market by entering into Vietnam in 1966 - Completion of Korea's longest suspension bridge (world's 4th longest) 1947 1969 1975 1987 2005 2000 Synergy Bupyeong Police Headquarter Building Gyeongbu Expressway National Assembly House Yeongdong The Independence Hall of Korea Cheonggyecheon Restoration Project Karun Dam Korea's only one company with perfectly integrated business portfolio from engineering, construction to commissioning of petrochemical plant as well as from manufacturing, sales to exports of petrochemical products. Human 1954 1969 1975 1991 2009 2008 Daelim’s Headquarter Building in Dongja-dong Gyeongin Expressway Youngdong Expressway Gangneung Multipurpose Dam Gwanhwamun Square Petro FCC Plants in Philippines Through corporate philosophy of human respect, continuous social contribution and low carbon activities. Daelim is committed to contributing to human and evironment. 1958 1970 1978 1996 2011 2010 Filing and covering up Cheonggyecheon The Ministry of National Defense Building Sejong Performing Arts Center Yeongdong Diplomatic Center Ipo Weir Saudi Kayan Polycarbonate Project 1 Securing Global Competitive Edge as a Developer To our valued shareholders, customers and business partners. Plant Business Division, based on its extensive experience in business, technological capability and trust built with local partners will continue its Thank you for your unwavering interest and staunch support for outstanding performance in the Middle East while also securing orders in Daelim in 2012. regions other than the Middle East. The Division will strengthen its ground for internal stability by enhancing competence within its organization and With the global economic crisis and recession in full effect, concern revising processes related to its business activities. Further, Plant Business from uncertainty was heightened throughout the year 2012. Despite Division will enhance its competence as a developer and build new business these uncertainties, Daelim has made significant accomplishments in models that will contribute in generating profits. various fields to enable another leap forward. Daelim succesfully diversified its business portfolio, which was concentrated Civil Business Division will focus its resources to acquire new orders in petrochemicals and businesses in the Middle East region, by acquiring amounting up to USD 2.2 billion in the domestic and overseas market by a series of orders for projects related to power generation plants in the leveraging and maximizing exsisting synergies from its current businesses. Southeast Asian region including the Philippines and Vietnam. In addition, In parallel, the Division will manage its profitability by selectively placing despite a decrease in the number of orders in the domestic market, Civil its focus in new orders acquisitions while ensuring efficiency in execution. Business Division achieved orders in the amount of USD 0.9 billion and Building & Housing Business Division has continued its relentless efforts in making its Building & Housing Business Division, on the other hand, will place its turnaround, despite prolonged downturn of housing market, by focusing on focus on Private Architecture and Contracting Housing business, while non-housing businesses and revising rate of cost to sales. reducing its emphasis on orders related to reconstruction and renovation. Additionally, Building & Housing Business Division will expand and focus To enhance internal stability across all business activities, Daelim has taken on new orders awards in overseas markets by inaugurating a new group measures to ensure flexibility in the midst of market changes by revising dedicated to overseas business development. its business portfolio by profitability. As the domestic construction market in South Korea has reached the point of saturation, Daelim will take steps Daelim’s continuous evolution and innovation for growth, over the past ahead to diversify its revenue structure by developing businesses related 74 years, were not without moments of crisis and tough decision-making. to development as part of drivers for future growth. In particular, by taking As a result of prudent management, success has galvanized Daelim into proactive measures in investing in IPP businesses, Daelim plans to increase a premier construction company representing Korea with its consistency profit of investment and development business to that of profit from and competence